Report: Facebook could go public with $100B IPO


Facebook reportedly is looking to release its IPO by November and could set its value at more than $100 billion. The timing of the IPO is said to be related to the SEC’s “500 rule,” which requires private companies with more than 500 investors to divulge information each quarter to the agency. Facebook, which is expected to reach the 500-investor mark in 2011, would rather go public prior to the reporting mandate starting in April, sources said. The social network did not comment on the situation.  Reuters

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